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Special Report: China's shortcut to Wall Street

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posted on Aug, 2 2011 @ 11:10 AM
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Special Report: China's shortcut to Wall Street


www.newsdaily.com

Aug. 1, 2011 () — A spate of spectacular collapses of Chinese stocks listed on American exchanges has cost U.S. investors billions of dollars. The fiasco has sparked multiple investigations. Accusations are swirling in Washington and Beijing.

Articles in this series are exploring the extent and impact of corporate secrecy in the United States
(visit the link for the full news article)




posted on Aug, 2 2011 @ 11:10 AM
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This is disturbing! I really am confused about the China/US relations. Apparently 10 years ago some Wall Street guy was contacted and subsequently helped Chinese firms get into the US Stock Market.

Reverse mergers - shell companies. 18$ billion GONE. Poof. Interesting stuff.


The Chinese reverse-merger boom and bust offer insight into a little-understood corner of American business: the widespread use of shell companies, which can offer their owners a way to minimize regulatory scrutiny. The U.S. in recent years has called for much greater transparency in global business transactions. But on American shores, opaque shell companies are rife.


Seems no matter how hard we try, we just aren't going to get transparency. Why do cheaters always, always, always win, and then walk off without a shred of culpability or guilt (at least internally)?

And, if they're doing this through loopholes, and no one is squawking....well, it's just sickening. Greed. Sickening greed.



www.newsdaily.com
(visit the link for the full news article)
edit on 2-8-2011 by wildtimes because: (no reason given)



posted on Aug, 2 2011 @ 11:55 AM
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Originally posted by wildtimes

This is disturbing! I really am confused about the China/US relations. Apparently 10 years ago some Wall Street guy was contacted and subsequently helped Chinese firms get into the US Stock Market.

Reverse mergers - shell companies. 18$ billion GONE. Poof. Interesting stuff.

Seems no matter how hard we try, we just aren't going to get transparency. Why do cheaters always, always, always win, and then walk off without a shred of culpability or guilt (at least internally)?

And, if they're doing this through loopholes, and no one is squawking....well, it's just sickening. Greed. Sickening greed.


When criminals design the system, its no wonder that only criminals would benefit from its design.



posted on Aug, 2 2011 @ 12:13 PM
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The maxim by which these financiers, analysts, and gamblers operate is one of blatant exploitation. As I have repeated several times around here, none of this is about nations and countries, it's about banks and gambling.

Wall Street is a casino that the economic priests tell us is not 'fixed'. Yet somehow, it involves magical personal acquaintances to succeed to any notable degree....

Insofar as the corporate shell game is concerned, I blame that baby on the BAR and it's "righteous" fervor in promoting and defending the ridiculous idea that a corporation is a "person" with all the rights of a "person".

Now... the devolution have progressed to such a depth that corporations can spawn corporations that spawn other corporations. Yeah, that makes sense.

If I won a million dollars and put it in my child's savings account I am still liable for any assessment of taxes.... not corporations though... they have a million ways to eliminate the link and/or the liability.... methods which the government doesn't even bother to investigate.... because corporations are assumed to be operating legally.... while citizens are increasingly assumed to be criminals....



posted on Aug, 2 2011 @ 12:40 PM
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reply to post by wildtimes
 


I'm afraid that China is going to take us over without ever firing a shot.



posted on Aug, 2 2011 @ 03:25 PM
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reply to post by squatchhunter
 


It is indeed seeming so. They have whole cities built, waiting for them, right here, as I understand it. In the Northwest?



posted on Aug, 2 2011 @ 03:40 PM
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Money laundering is a big global issue and the whole structure of the global economy is rife with corruption. As for China pulling out of the US, this trend only looks like it is just the beginning.



posted on Aug, 3 2011 @ 07:48 AM
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reply to post by wildtimes
 


China is evolving way too fast, its scaring!

China and U.S.A will be this world satan, as they will be the problem of world demolition(Co2).

nobody cares about their fellowmen, just themselves.



posted on Aug, 3 2011 @ 09:34 AM
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Oh, and in toDAY's news:

State actor seen behind "enormous" wave of cyber attacks



Security experts have discovered the biggest series of cyber attacks to date, involving the infiltration of the networks of 72 organizations including the United Nations, governments and companies around the world.
Security company McAfee, which uncovered the intrusions, said it believed there was one "state actor" behind the attacks but declined to name it, though one security expert who has been briefed on the hacking said the evidence points to China.

The long list of victims in the five-year campaign include the governments of the United States, Taiwan, India, South Korea, Vietnam and Canada; the Association of Southeast Asian Nations (ASEAN); the International Olympic Committee (IOC); the World Anti-Doping Agency; and an array of companies, from defense contractors to high-tech enterprises.


Evidence points to....China???
And what are they going to do about it??
ETA link: www.newsdaily.com...
edit on 3-8-2011 by wildtimes because: (no reason given)



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